The General Insurance Standards Council is hoping for a decision this weekfrom the Competition Commission appeal tribunal on whether it can implementrule F43 forcing GISC members to only do business with each other. If itgets the go-ahead, IFAs selling general insur-ance will have to beGISC-regulated even if they are already PIA-registered. The commissiondecided to investigate […]

I write to express my gratitude to Towry Law, knowing that they have savedIFAs so much money by reducing our potential liability to the ICS. Nevertheless, it begs the question, given the unlimited liability we areunder – are these present arrangements an infringement of our [IFAs] humanrights”, for the following reasons. First, as a separate […]

The FSA plans to use stakeholder persistency figures as a foundation fordeciding whether the new pensions have increased savings or whether theycause “significant consumer detriment”. The proposals have come under fire from industry exp-erts for potentiallyupping costs and ignoring the significance of employer contributions. Consultation paper 103, published earlier this month, states: “Perhapsmost importantly, the […]

Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]

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When a mega-merger like one the size of Standard Life Aberdeen happens, it should not come as a surprise when some staff are not entirely enthusiastic about it. That is why firms like Investec Asset Management have been happy to open the doors to many of those who found themselves in the middle of such […]

The FCA and The Pensions Regulator are seeking feedback on areas they should act on jointly to tackle risks to the pensions sector, in a joint call for input published today. In February, the two regulators said they were working on a pensions regulatory strategy to set out how they will work together to tackle […]

An investment manager offering enterprise investment schemes has alerted investors of a 10 per cent drop in value for one of its portfolios, just over two months after the introduction of Mifid II. Downing, a London-based investment manager, has notified clients and advisers about the drop in value of its Downing Renewables EIS portfolio, which […]